COVID Sectors

The new revenue recognition standard: Is your Technology company ready?

Revenue recognition informs a wide array of business decisions. The new guidance constitutes the biggest accounting change in over a decade. Let PwC guide you through it.

Although the effective date for the new revenue recognition standard may seem far off, companies most affected by the change should start preparing now. For Technology companies currently following US GAAP, the impact of the new standard will be especially notable. This is especially true for businesses in subsectors that have specialized guidance or industry practices, such as software and semiconductors. Like many huge changes, the standard will bring both opportunity and challenge.
 

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Chris Smith

Deals Partner, PwC US

Kevin Healy

US TMT Industry Assurance Leader, PwC US

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